California Statutes
§ 53658. — 53658. (Amended by Stats. 1970, Ch. 84.)
California § 53658.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.2.
Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
Ch. 4.CHAPTER 4. Financial Affairs
Art. 2.ARTICLE 2. Deposit of Funds
This text of California § 53658. (53658. (Amended by Stats. 1970, Ch. 84.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Government Code - GOV Code § 53658. (2026).
Text
An agent of a depository may hold and pool securities to secure deposits for one or more depositories pursuant to Section 53656, but shall maintain a separate pool for each said depository. Each local agency shall have an undivided security interest in the pooled securities in the proportion that the amount of its deposits bears to the total amount of deposits secured by the pooled securities.
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Legislative History
Amended by Stats. 1970, Ch. 84.
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Bluebook (online)
California § 53658., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/53658..